FRIDAY, APRIL 6, 2012 ECONOMICS: Europe’s Markets Are Tested Anew http://online.wsj.com/article/SB10001424052702304072004577325611589982858.html New strains surfaced in European markets as a slide in the euro forced Switzerland’s central bank to intervene in currency markets and Spanish bond yields climbed to their highest level this year. While trading was thin ahead of the Easter break, traders said … Continue reading
Category Archives: Economy
Economy / Fiscal policy / Healthcare / Politics / Tax
Occupy entitlements! And the tax code!
By Will Portman The Occupy movement has brought income inequality to the forefront of the national political discussion over the past year, even if both the movement and the issue have faded in recent months. Occupy protestors are concerned about the growing wealth gap in the U.S., pointing to studies like the recent Congressional Budget Office … Continue reading
Economic Daily Outlook
THURSDAY, APRIL 5, 2012 ECONOMICS: Markets Fear End of Stimulus http://online.wsj.com/article/SB10001424052702304072004577324130797553106.html Fears that the central banks of Europe and the U.S. may soon end efforts to support financial markets as well as fresh concerns about the health of Europe’s weakest countries drove down stock markets around the world Wednesday. European Central Bank President Mario … Continue reading
Economic Daily Outlook
WEDNESDAY, APRIL 4, 2012 ECONOMICS: As Home Rents Head Higher, Owning Regains Its Appeal http://online.wsj.com/article/SB10001424052702304750404577322011443831768.html Climbing rents for apartments are combining with a continued decline in home prices to push once-reluctant home buyers into finally taking the plunge, say economists and real-estate agents, helping what appears to be a good start to the housing … Continue reading
Economic Daily Outlook
TUESDAY, APRIL 3, 2012 ECONOMICS: OPINION: Beware of Budget Gimmickry (Bruce Bartlett) http://economix.blogs.nytimes.com/2012/04/03/beware-of-budget-gimmickry/ It’s clear that the United States is entering a long period of budgetary confrontation. Sooner or later, meaningful action on the budget deficit will be necessary. And despite the best hopes of budget hawks, the likelihood of a grand bargain that will … Continue reading
Economic Daily Outlook
MONDAY, APRIL 2, 2012 ECONOMICS: OPINION: Pink Slime Economics (Paul Krugman) http://www.nytimes.com/2012/04/02/opinion/krugman-pink-slime-economics.html The big bad event of last week was, of course, the Supreme Court hearing on health reform. In the course of that hearing it became clear that several of the justices, and possibly a majority, are political creatures pure and simple, willing to … Continue reading
Vicious circles and the national debt
By Will Portman Due to vicious circle effects, it becomes more and more expensive to pay off the national debt the more and more debt we accumulate, beyond the obvious fact that it’s a greater burden to pay back a greater sum of money. With each new dollar of deficit spending, we’re not merely digging … Continue reading
Economic Daily Outlook
THURSDAY, MARCH 29, 2012 ECONOMICS: OECD Sees Europe, U.S. Drifting Apart http://online.wsj.com/article/SB10001424052702303816504577311043529851790.html The economies of Europe and North America will diverge in the first half of this year, with European budget cuts dragging on demand while the U.S. economic recovery picking up steam, the Organization for Economic Cooperation and Development said in a report … Continue reading
Economic Daily Outlook
WEDNESDAY, MARCH 28, 2012 ECONOMICS: Group Backs Simpson-Bowles Plan http://online.wsj.com/article/SB10001424052702303404704577307710169626858.html A small bipartisan group of House lawmakers, bucking their Democratic and Republican leaders, is advancing a plan to reduce the federal budget deficit by more than $4 trillion over 10 years through a combination of spending cuts and tax increases. A vote on the … Continue reading
Economy / Foreign Policy / Other / Politics
For Israel, Nuclear Iran Not Biggest Concern
All we hear from Israel is everything Iran. Netanyahu, in a fiery speech, said in relation to Iran: “as Prime Minister of Israel, I will never let my people live under the shadow of annihilation.” Israelis have lots of important issues on their plate. In Israel there are numerous social cleavages and economic issues that … Continue reading
You must be logged in to post a comment.